Several other research analysts have also commented on HAIN. TheStreet raised shares of The Hain Celestial Group from a “c+” rating to a “b” rating in a report on Thursday, April 28th. Cowen started coverage on The Hain Celestial Group in a report on Monday. They set an “outperform” rating and a $34.00 target price for the company. Cfra cut their price target on The Hain Celestial Group from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, February 4th. Consumer Edge upgraded The Hain Celestial Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, February 8th. Finally, Jefferies Financial Group initiated coverage on The Hain Celestial Group in a research note on Friday, March 18th. They issued a “hold” rating and a $41.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, The Hain Celestial Group presently has a consensus rating of “Buy” and a consensus price target of $43.63.
Shares of NASDAQ HAIN opened at $24.91 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.98 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average price is $31.98 and its two-hundred day moving average price is $36.46. The Hain Celestial Group has a 52-week low of $24.11 and a 52-week high of $48.88. The stock has a market capitalization of $2.24 billion, a P/E ratio of 20.76 and a beta of 0.70.
In other news, Director Glenn W. Welling sold 10,833 shares of the business’s stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $34.98, for a total transaction of $378,938.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Glenn W. Welling sold 209,238 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $26.80, for a total transaction of $5,607,578.40. Following the completion of the transaction, the director now directly owns 73,529 shares of the company’s stock, valued at approximately $1,970,577.20. The disclosure for this sale can be found here. Insiders have sold 570,071 shares of company stock valued at $18,597,017 in the last ninety days. Company insiders own 16.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in HAIN. BlackRock Inc. raised its stake in shares of The Hain Celestial Group by 12.4% during the 4th quarter. BlackRock Inc. now owns 8,122,985 shares of the company’s stock worth $346,121,000 after purchasing an additional 897,216 shares in the last quarter. Black Creek Investment Management Inc. increased its stake in shares of The Hain Celestial Group by 1.2% during the 1st quarter. Black Creek Investment Management Inc. now owns 5,653,401 shares of the company’s stock worth $194,477,000 after purchasing an additional 66,371 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of The Hain Celestial Group by 5.7% during the 4th quarter. Segall Bryant & Hamill LLC now owns 4,157,562 shares of the company’s stock valued at $177,173,000 after purchasing an additional 225,435 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of The Hain Celestial Group by 5.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,063,709 shares of the company’s stock valued at $105,392,000 after purchasing an additional 167,520 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in The Hain Celestial Group by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 2,770,722 shares of the company’s stock worth $118,532,000 after buying an additional 15,361 shares during the last quarter. 94.98% of the stock is owned by hedge funds and other institutional investors.
About The Hain Celestial Group (Get Rating)
The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, and internationally. It operates through two segments, North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; and condiments.
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